The interest rates for 30-year fixed-rate mortgages are in free fall, averaging just 4.44% on Aug. 12, according to Freddie Mac. Not only was that down from 5.07% in January, it was the lowest since Freddie began keeping records in 1970. » Read more…
Tag Archives: fixed rate mortgage
Fixed-rate mortgages break record low
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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ARM rates unchanged over last week: Freddie Mac » Read more…
Low Rate Mortgage Lock Out
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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Mortgage rates hit 4.42% for a 30-year fixed rate mortgage, the lowest on record. But a growing number of homeowners are ignoring the lower rates locked out from obtaining them due to more restrictive mortgage underwriting guidelines. The new lower rates may make great headlines and TV news fodder but they’re doing little to help most people. » Read more…
Mortgage Applications Rise 4.9 Pct. on Low Rates
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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Borrowers rush to refinance on lowest rates in decades, loan applications rise by 4.9 percent
Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. » Read more…
Mortgage rates decline to lowest on record: Freddie
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday. » Read more…